News & Updates

The powers of HMRC's debt collection department

The powers of HMRC's debt collection department

The powers of HMRC's debt collection departmentJess Brooks
Published on: 24/09/2025

HMRC is strengthening its debt collection powers with more staff, new tech, and direct recovery measures. Here’s what taxpayers and directors need to know about how debts are chased.

Entrepreneur
VAT reclaim – When things don't go to plan

VAT reclaim – When things don't go to plan

VAT reclaim – When things don't go to planJess Brooks
Published on: 17/09/2025

VAT isn’t always straightforward. The payback and clawback rules ensure input tax claims reflect actual use. Businesses may need to adjust, repay, or reclaim VAT if intentions change.

Entrepreneur
Directors’ loan accounts – The 30-day rule

Directors’ loan accounts – The 30-day rule

Directors’ loan accounts – The 30-day rule Jess Brooks
Published on: 10/09/2025

Directors’ loans can provide short-term financial relief, but HMRC’s 30-day rule and anti-avoidance measures are strict. Learn how to avoid unexpected tax charges and plan effectively.

Entrepreneur
Credit notes or VAT bad debt relief claim – which?

Credit notes or VAT bad debt relief claim – which?

Credit notes or VAT bad debt relief claim – which?Jess Brooks
Published on: 28/08/2025

Unpaid invoices can impact VAT reporting. Should you issue a credit note or claim bad debt relief? Learn the rules, conditions, and practical steps to stay compliant.

Entrepreneur